Cirrus Logic (CRUS) : Traders are bullish on Cirrus Logic (CRUS) as it has outperformed the S&P 500 by a wide margin of 2.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.45% in the last 1 week, and is up 1.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.39% and the 50-Day Moving Average is 5.44%.The 200 Day SMA reached 38.62%
Cirrus Logic (NASDAQ:CRUS): After opening at $51.97, the stock dipped to an intraday low of $51.63 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $53.43 and the buying power remained strong till the end. The stock closed at $53.15 for the day, a gain of 3.18% for the day session. The total traded volume was 1,378,393. The stocks close on the previous trading day was $53.15.
Cirrus Logic (CRUS) : The consensus price target for Cirrus Logic (CRUS) is $52.5 for the short term with a standard deviation of $8.83. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $38.
Cirrus Logic, Inc. (Cirrus Logic) develops high-precision, analog and mixed-signal integrated circuits (ICs) for a range of audio and energy markets. Cirrus Logic delivers products for consumer and professional audio, automotive entertainment, and targeted industrial applications including energy control, energy measurement, light emitting diode (LED) lighting and energy exploration. The Company also serves customers from sales offices in the United States, Europe and Asia, including the Peoples Republic of China, Hong Kong, South Korea, Japan, Singapore, Taiwan and the United Kingdom. The Audio Products segment offers analog and mixed-signal audio converter and audio DSP products. The Energy Products provides high-precision analog and mixed-signal ICs for targeted energy control, energy measurement, LED lighting and energy exploration applications.